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    Highlights of the ICANNWatch Archive
    (June 1999 - March 2001)

    Verisign/NSI The Wholesale Price of Redemption During Grace is $85
    posted by michael on Friday January 24 2003, @06:00AM

    VeriSign has announced its pricing Policy for reclaiming domains during the new Redemption Grace Period which goes into effect on January 26th. The wholesale pricing for this service (that is, the price to Registrars before it is marked up) is initially $85 per domain. VeriSign told registrars that this will be reduced to $40 once VeriSign has recouped its development costs.

    The Redemption Grace Period (RGP) is a 30 day Registry-enforced holding period for a domain which is deleted by a Registrar. This will typically start around 30-45 days after a domain expires. For now, after a domain has passed the RGP, it will be deleted and available for re-registration. This is a lead-up to the Wait Listing Service (WLS) as ICANN mandated that RGP must be in place 6 months before WLS can be implemented.

    ---- Original Message -----
    From: "VeriSign Global Registry Services"
    To: Registrars List
    Sent: Thursday, January 16, 2003 [time]
    Subject: [RegistrarsList] Restore Fee Details

    To All Registrars,

    This is to advise you that the Restore Fee price has been finalized for the VGRS Redemption Grace Period service, summarized below:

    Fees for the redemption grace period service will be charged upon successful restoration of domain name registrations. To provide for recovery of one-time development costs while allowing a reduced price in the longer term, the fee will initially be $85, but will later be reduced to $40. Specifically, through the end of the second calendar month after the calendar month in which the cumulative total of registered domain names restored pursuant to the Redemption Grace Period policy reaches 2000, the price per successful restore command will be $85; thereafter the fee will be $40.00.

    For example:

    If the cumulative total of names restored for .com and .net reaches the 2000 level in October 2003, the unit price will be $85 through December 2003 and will change to $40 on January 1, 2004.

    If you have any questions, please contact Customer Service.


    Manager, Customer Service
    VeriSign Global Registry Services

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  • VeriSign/NSI
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  • Also by michael
    This discussion has been archived. No new comments can be posted.
    The Wholesale Price of Redemption During Grace is $85 | Log in/Create an Account | Top | 1 comments | Search Discussion
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    more robbery?
    by ldg on Sunday January 26 2003, @09:19AM (#11030)
    User #2935 Info | http://example.com/
    And will this outrageous fee be waived if the domain's expiration occurred because of the failure of a registrar or NSI to notify or cooperate with the regsistrant or admin? When it takes months for NSI and some registrars to comply with reasonable requests for changes in the case of email address problems or other such glitches, when they will not assist via land line, take months to respond to snail mail, etc, should a registrant have to pay a ransom to keep his domain?

    Even $40 is outrageous for something that takes a simple input to a database - maybe 10 seconds?

    Pity those who have problems once WLS is in effect.
    [ Reply to This | Parent ]

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